Description

Replacement Large Size $5 National

Dickinson, ND - $5 1902 Plain Back Fr. 598 The Dakota
National Bank Ch. # (W)7663 PCGS Choice New 63PPQ.
One of only eight large documented on this rare bank that went into
receivership on February 7, 1924. This example is the highest
graded note on this bank. Embossing is easily observed on the back
plus the purple rubber stamped signatures of Cashier V.W. Maser and
President S.M. Ferris are noticed. They served in these two
positions during the years of 1918-19. Our observations also tell
us that this is a large size National replacement note. The BEP
used a distinctive old style font in the 1903-20 era to produce
replacement notes with make-up sheets that have identical serial
numbers as the sheets that were being replaced. The replacement
sheets were made with the help of a "paging machine." The earlier
font for replacements has a "tighter" appearance when compared to
the later font. The replacement in this lot has a "droopy" 2 digit
in the bank serial number and a "hunchback" 3 digit in the Treasury
serial number. The other digits in the serial numbers are also of
the earlier font for replacements, but those other digits do not
have catchy nicknames. For additional information on this subject
see blogs on the www.spmc.org website and also the article in
Paper Money, Society of Paper Money Collectors, Vol. LI, No.
5, Whole No. 281, September/October April 2012, pages 378-384,
"Identification of Series 1882 and 1902 National Bank Replacement
Notes Printed in the 1903-1915 Period." The years have been
adjusted to 1903-20 since the article was written. Nonetheless, we
have in this lot a rare National that is also a replacement.

Auction Info

Auction Dates

January, 2020

8th-14thWednesday-Tuesday

Bids + Registered Phone Bidders: 2

Lot Tracking Activity: N/A

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